While we have some disadvantages as younger investors they can be easy to overcome with some creativity.

If so what are the disadvantages of doing this?

In your case you've got a double disadvantage because your financing also says that this was not intended to be held as an investment property.  

Ontario Canada is the supreme nanny state determined to protect every possible potentially disadvantage individual real or imagined.I can not believe that in NJ smart landlords can not operate around the system.

Just like any class, it has advantages & disadvantages and can be very profitable or the exact opposite.

The only person who can reasonably speak to the likelihood of a case outcome is an attorney who regularly practices in the specific jurisdiction the lawsuit is likely to be brought in.Even attorneys with years of practice are at a disadvantage in this respect.

Where I live, a fridge and a stove in rentals is pretty much expected and it would put me at a huge disadvantage to not have them.In addition, most A Class rentals in my area will also expect a washer/dryer and dishwasher with a lot of B Class rentals also offering them. 

If cable readiness becomes a competitive disadvantage, I will deal with it in some way. 

The disadvantage is my tenant has to pay a little more each month and it's just one more thing that a renter may not want to do. 

If you are at a 25-30 yr amortization, you are at more of a disadvantage with the negative cash flow, but it's not impossible to manage, just more difficult than the 15 yr (i say more difficult because the person with a 15 yr mortgage can refi and extend out to 30 yr to lower monthly payment in an emergency, but if you're already at 30 yr, it's harder to increase monthly cash flow from refinancing and extending term). if your income today can comfortably cover the current negative cash flow, rental expenses, and your personal expenses, then you might be alright.